KNOREX LTD. (KNRX) Balance Sheet
KNRX balance sheet, 2025
December 31, 2025 · U.S. dollars$7.0M assets = $13.4M liabilities + −$6.5M equity
Liabilities exceed assets: shareholders’ equity is negative (−$6.5M).
Both columns are drawn to the same scale: what KNRX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KNRX financial health
Descriptive bands, not a rating. Fiscal 2025.
KNRX balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.3M2021 | $7.0M2025 | +31.4%/yr | |
| Total liabilities | $7.8M2021 | $13.4M2025 | +14.6%/yr | |
| Shareholders’ equity | −$5.5M2021 | −$6.5M2025 | — | |
| Cash & short-term investments | $641,9662021 | $129,1042025 | −33.0%/yr | |
| Total debt | $2.2M2021 | $7.2M2025 | +34.5%/yr | |
| Net cash (debt) | −$1.6M2021 | −$7.0M2025 | −$5.5M | |
| Working capital | −$4.5M2021 | −$7.7M2025 | −$3.1M | |
| Book value per share | −$0.182021 | −$0.212025 | — | |
| Current ratio | 0.282021 | 0.422025 | +0.14 | |
| Shares outstanding | 30.4M2021 | 30.4M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KNRX assets
KNRX liabilities and equity
KNRX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KNRX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $129,104 | $824,728 | $1.9M | $511,719 | $641,966 |
| Cash & equivalents | $129,104 | $824,728 | $1.9M | $511,719 | $641,966 |
| Receivables | $1.9M | $2.2M | $1.8M | $2.0M | $717,465 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $3.7M | $408,227 | $306,507 | $452,745 | $418,412 |
| Total current assets | $5.7M | $3.5M | $4.0M | $3.0M | $1.8M |
| Property, plant & equipment (net) | $112,683 | $159,876 | $73,756 | $61,074 | $15,590 |
| Goodwill & intangible assets | $1.2M | $1.3M | $1.2M | $864,338 | $538,783 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $517,938 | $465,499 | $103,373 | $0 |
| Total assets | $7.0M | $5.4M | $5.7M | $4.0M | $2.3M |
| Liabilities | |||||
| Accounts payable | $2.5M | $2.7M | $2.8M | $1.8M | $1.7M |
| Short-term debt | $7.1M | $5.5M | $539,644 | $8.2M | $729,995 |
| Deferred revenue | $22,139 | $45,235 | $126,440 | $357,059 | $232,529 |
| Total current liabilities | $13.3M | $9.5M | $5.0M | $11.4M | $6.3M |
| Long-term debt | $24,252 | $178,535 | $585,596 | $1.0M | $1.5M |
| Lease obligations | $106,544 | $140,773 | $42,955 | $15,654 | $0 |
| Other long-term liabilities | $87,855 | $111,933 | $0 | $7,921 | $0 |
| Total liabilities | $13.4M | $9.8M | $5.6M | $12.4M | $7.8M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $15,212 | $13,630 | $13,225 | $10,882 | — |
| Retained earnings (deficit) | −$62.2M | −$49.4M | −$43.5M | −$35.6M | −$28.9M |
| Accumulated other comprehensive income | −$1.0M | −$863,282 | −$906,828 | −$703,259 | −$484,645 |
| Minority interest | $1,257 | $124 | −$186 | $3,322 | — |
| Total shareholders' equity | −$6.5M | −$4.4M | $151,875 | −$8.4M | −$5.5M |
| Key figures | |||||
| Total debt | $7.2M | $5.8M | $1.1M | $9.3M | $2.2M |
| Net cash (debt) | −$7.0M | −$4.9M | $737,541 | −$8.8M | −$1.6M |
| Working capital | −$7.7M | −$6.0M | −$963,333 | −$8.4M | −$4.5M |
| Tangible book value | −$7.7M | −$5.6M | −$1.0M | −$9.3M | −$6.0M |
| Book value per share | −$0.21 | −$0.14 | $0.00 | −$0.28 | −$0.18 |
| Shares outstanding | 30.4M | 30.4M | 30.4M | 30.4M | 30.4M |
| Current ratio | 0.42 | 0.37 | 0.81 | 0.26 | 0.28 |
| Quick ratio | 0.15 | 0.32 | 0.74 | 0.22 | 0.22 |
| Debt / equity | — | — | 7.41 | — | — |
| Equity / assets | −93.2% | −80.2% | 2.7% | −209.4% | −233.9% |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $129,104 | $129,104 | $210,993 | $210,993 | $824,728 | $706,015 |
| Cash & equivalents | $129,104 | $129,104 | $210,993 | $210,993 | $824,728 | $706,015 |
| Receivables | $1.1M | $1.1M | $673,528 | $673,528 | $2.2M | $2.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $4.4M | $4.4M | $568,809 | $568,809 | $408,227 | $355,870 |
| Total current assets | $5.7M | $5.7M | $1.5M | $1.5M | $3.5M | $3.2M |
| Property, plant & equipment (net) | $112,683 | $112,683 | $137,337 | $137,337 | $159,876 | $202,340 |
| Goodwill & intangible assets | $1.2M | $1.2M | $1.3M | $1.3M | $1.3M | $1.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $939,089 | $939,089 | $517,938 | $520,590 |
| Total assets | $7.0M | $7.0M | $3.8M | $3.8M | $5.4M | $5.1M |
| Liabilities | ||||||
| Accounts payable | $2.5M | $2.5M | $2.1M | $2.1M | $2.7M | $2.6M |
| Short-term debt | $7.0M | $7.0M | — | $8.1M | $5.5M | $2.3M |
| Deferred revenue | — | $32,268 | — | — | $45,235 | $59,960 |
| Total current liabilities | $13.3M | $13.3M | $12.4M | $12.4M | $9.5M | $5.8M |
| Long-term debt | $24,252 | $0 | $24,296 | $0 | $178,535 | $386,660 |
| Lease obligations | $106,544 | — | $126,555 | — | $140,773 | $174,488 |
| Other long-term liabilities | $87,855 | $112,107 | $108,951 | $133,247 | $111,933 | $129,621 |
| Total liabilities | $13.4M | $13.4M | $12.6M | $12.6M | $9.8M | $6.3M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $15,212 | $15,212 | — | $13,712 | $13,630 | $13,630 |
| Retained earnings (deficit) | −$62.2M | −$62.2M | −$55.3M | −$55.3M | −$49.4M | −$46.5M |
| Accumulated other comprehensive income | −$1.0M | −$1.0M | — | −$1.1M | −$863,282 | −$975,949 |
| Minority interest | $1,257 | — | $616 | — | $124 | — |
| Total shareholders' equity | −$6.5M | −$6.5M | −$8.8M | −$8.8M | −$4.4M | −$1.2M |
| Key figures | ||||||
| Total debt | $7.1M | $7.1M | $24,296 | $8.2M | $5.8M | $2.8M |
| Net cash (debt) | −$6.9M | −$6.9M | $186,697 | −$8.0M | −$4.9M | −$2.1M |
| Working capital | −$7.7M | −$7.7M | −$11.0M | −$11.0M | −$6.0M | −$2.6M |
| Tangible book value | −$7.7M | −$7.7M | −$10.0M | −$10.0M | −$5.6M | −$2.4M |
| Book value per share | −$0.22 | −$0.22 | −$0.29 | −$0.32 | −$0.14 | −$0.04 |
| Shares outstanding | 29.0M | 29.0M | 30.4M | 27.4M | 30.4M | 30.4M |
| Current ratio | 0.42 | 0.42 | 0.12 | 0.12 | 0.37 | 0.55 |
| Quick ratio | 0.10 | 0.10 | 0.07 | 0.07 | 0.32 | 0.48 |
| Equity / assets | −93.2% | −93.2% | −229.9% | −229.9% | −80.2% | −24.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
KNRX financial position
At the end of fiscal 2025 (December 31, 2025), KNOREX LTD. had total assets of $7.0 million (up 28.2% from a year earlier), total liabilities of $13.4 million and shareholders' equity of -$6.5 million. It held $0.1 million in cash and short-term investments against $7.2 million of debt, net debt of $7.0 million. Its current ratio was 0.42.
Related: KNRX income statement, KNRX cash flow statement, KNRX key metrics. See the KNRX stock overview for the latest quote and news.
KNRX balance sheet FAQ
What are KNOREX LTD.'s total assets?
KNOREX LTD. reported total assets of $7.0 million at the end of fiscal 2025 (December 31, 2025), compared with $5.4 million a year earlier.
How much debt does KNOREX LTD. have?
KNOREX LTD. had $7.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does KNOREX LTD. have?
KNOREX LTD. held $0.1 million in cash and short-term investments at the end of fiscal 2025; with $7.2 million of debt that is net debt of $7.0 million.
What is KNOREX LTD.'s book value?
KNOREX LTD.'s shareholders' equity (book value) was -$6.5 million at the end of fiscal 2025, or −$0.21 per share.
What is KNOREX LTD.'s current ratio?
KNOREX LTD. had current assets of $5.7 million and current liabilities of $13.3 million, a current ratio of 0.42 (current liabilities exceed current assets).
How much goodwill does KNOREX LTD. have?
KNOREX LTD. carried $1.2 million of goodwill and intangible assets, 17.0% of total assets, at the end of fiscal 2025.